news

WASHINGTON – The United States Mint (Mint) today announced record sales of American Eagle Silver Bullion Coins for the third consecutive year.

Once again, global demand for the American Eagle Silver Bullion Coins drove sales to a record high, this year reaching 47,000,000, surpassing the 44,006,000 ounces sold in 2014 and the 42,675,000 ounces sold in 2013. The Mint broke last year’s record Nov. 30 when sales reached 44,666,500.

To add further perspective to the demand for Silver Bullion Coins, for the first 22 years of the American Eagle Silver Bullion Coin Program, the Mint typically sold between three million and 10 million ounces per year. Since 2007, sales have increased nearly five-fold from 9,887,000 in 2007 to more than 44 million last year…Read More (US MINT)

China’s historic devaluation of the yuan this summer fuelled a gold bar and coin “buying spree” in the country as investors sought to shelter themselves from further market volatility, according to the World Gold Council.

Lower gold prices pushed up overall gold demand by 8pc in the third quarter to 1,120.9 tonnes compared with a year earlier, following an early sell-off by Western investors anticipating a US interest rate rise.

This represents the strongest demand since the second quarter of 2013.Read More (UK Telegraph)

China has made its first subsea gold discovery with the location of a multi-billion-dollar gold deposit in the water of the Bohai Sea. The deposit is estimated to contain over 470 tons of gold in 2,000 meters of water.

Recovering the gold will be challenging for the nation and could require more than 1,000 people working simultaneously, reports China Daily.

Coins will be available in denominations of 5 and 10 grams while bar or bullion of 20 grams through MMTC outlets. The PM also launched the Gold Monetisation Scheme (GMS) and Sovereign Gold Bond Scheme.Read More (IndiaTimes.com)

More than five years ago, art collector and author Forrest Fenn decided to hide a treasure chest in the Rocky Mountains. Since then, he says tens of thousands of people have tried to find it.

The 84-year old millionaire, who lives in Santa Fe, New Mexico, left clues in his book, “The Thrill of the Chase” — but so far, no one has been successful.

“I think it’s out of control,” Fenn told ABC Albuquerque affiliate KOAT, estimating that 30,000 people looked for the treasure last summer and that 50,000 may look for the treasure this summer.

Fenn has never revealed the value of the treasure chest — which measures 10 inches by 10 inches — but the New Mexico Tourism Department estimates the value to be as much as $2 million…Read More (AbcNews.go.com)

An 1898 Indian Head penny. A pinback button from the Loyal Legion of Loggers and Lumbermen, circa 1917. A student’s 1987-88 Churchill High School ID card. A still-full nitrous oxide tank.

Those are just some of the hundreds, maybe thousands, of things Janet Roberts has unearthed with her metal detector on Skinner Butte during the past year or so.“It’s amazing what you can find out there,” says Roberts, 58, a longtime PeaceHealth employee…MORE (Register-Guard)

Gold rush! Prospector Mick Brown unearths 87 oz nugget, worth $135,000, buried in the bush but he won¹t tell his mates where he found it The nugget earned the name ‘Fair Dinkum’ after shocking prospectors with its size. He says the exact location the nugget was uncovered will remain a secret